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Sad really......I think this company should have survived and would have given long term returns to investors. Management have jumped into bed with private investors to line their pockets in my opinion?
Friday 13/7/2018
Hi. Does anyone know when the cash proceeds from the takeover will be paid to shareholders. Thanks
Bound to remain at around that level as Advents brokers are mopping up the market. If you sell on the open market then you will get a net of around 198/199 after commissions
Still being traded at 200p?
well done. All the best for the future. Not much on the market for short term gains. I am jittery with the market fundamentals. It seems overpriced. Will only buy on major falls. Vodafone I am keeping. Its returned bucketfuls in the past. Look at Aberdeen/Standard Life as on sale of European businesses they promise to return capital to current shareholders (we hope). Apart from that Woodford Patient Capital as it is oversold. Some of the Companies should head for IPO,s within say 5 years. Just needs one success to power off
I'm out, not waiting 3 months for the 200p cash. Managed to check out at 199p. Good riddance to bad management. But at least I was one of the lucky ones who made some money. Was looking at Vodafone but too much debt and risky deals etc. My new journey is with Pets at home. Seems to have been given a right royal kicking lately, but all the fundamentals appear sound. It is paying a hefty 5% yield that has just been re stated in results, but I'm not really a dividend chaser, I prefer to look at the fundamentals. GLA still holding on for the cash, assuming the deal still goes ahead.
You have to go through the stock exchange and use a broker so basically on the open market. You will probably get arounf 199 a share less broker fees so around 197 to 198 nett
So if I put all my shares up for offer at 200p I assume advent/their brokers will buy them?
All buying is done on Advents behalf by their brokers
I'm perplexed as to why there is still relatively decent trading going on in Laird. If the deal is done at 200p then why the hell would you go to the trouble of buying at 199.50p. Doesn't make any sense. Answers please.
Nothing else worth investing in at the moment.I'll sit it out and wait for the cash
Will be happy if that happens but not optimistic. Too late so I would take the money and run
I don't think this is quite a done deal. The vote was not legally binding and anyone can come in and offer more for the company and the management team are legally obliged to put it to the shareholders again. Let's hope the Chinese or someone else comes along....250p still a possibility
I think they will but have indicated that they will sell off the connected vehicle division so the rest retained will be beefed up and sold off within 5 years. Advent are turnaround specialist and a $50 billion company with deep pockets so will invest. They are in the big league but the fact that 99.86% voted in favour of takeover including all Institutional shareholders and no counter bid suggests this was the best option for Laird s on its own it could have been overtaken by other larger companies with deep pockets. The price fall from about 400p to 120p despite heavily discounted Rights says it all
Advent think otherwise. Your don't spend £1 billion on a lame duck. Advent and the management will make an absolute packet out of this.
Settlement will be in third quarter so between July and September. This is normal in all the cases. Share price above 200p by now is fanciful. In fact despite management indicating good results price had fallen to 120p before Advent stepped in A relatively small company like Laird would have required more cash to grow as research can burn a lot of liquidity. A heavily discounted previous Rights stabilised the company as there were concerns borrowing covenants would be breached
The way the stock market is performing at the moment the sp would be well above 200p by now following the last results. Very disappointed with management decision
Q3 closing?? may as well sell rest on open market below �2 and "take the hit"
When are these turkeys going to give up the cash now that the stitch up is complete?
With 99.86% of shareholders voting in favour of takeover by Advent, surely most know Laird cant survive on its own. 321.3million in favour and only 447 thousand against so what happened to all those on this feed saying they were going to vote against??
with sterling so low and Brexit issues. lots of foreign interest in our companies or whats left of it
Look like its all over....well just have to find another company to invest in. I will just do what the management do take short term decisions and fcuk the company and anyone else. I see Whitbread are be hounded by hedge fund managers trying to break the company up. They piled in at £36 then started rumours about a break up..they will probably sell out before then cause they've already made a packet...
I assume the 50% threshold or is it 75% may not have crossed. Advents brokers are buying on the open market so I assume it wont be long before the offer is declared unconditional
Well apparently its a done deal. Just had confirmation from broker that Laird shares will be cancelled from the stock exchange register. Well looks like the management will be popping the champagne corks now.